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Small caps round-up: 600 Group, ILX, Renew...

Wed, 02nd Feb 2011 10:28

Engineering firm 600 Group says the improvement in its global markets has continued, with order intake since October 25% above the same period in 2009. The confirmed order book was 40% higher."The recovery of our machine tool and precision engineered component markets in North America has continued, with sales into the European market developing more slowly," it said.E-learning software and business training group ILX has won two "significant new orders" valued at around £100,000. The first is a contract extension with FTSE 250-listed business and technology service company Logica, and the second is also a renewed contract with information provider Thomson Reuters.Shares in engineering and construction services firm Renew rose 15% after it reached an agreement to acquire rail and energy engineer Amco for £19.8m, from a new £15m debt facility and existing cash resources."The acquisition of Amco allows Renew to increase and broaden the scale of its specialist engineering operations, as well as adding to the range of services we can provide to our customers," said chief executive Brian May. More than 50% of the group's revenue will now be derived from specialist engineering.Distribution group Wincanton says results for the year ending 31 March are expected to be in line with expectations, but highlights debt reduction as its priority going forward to address challenging market conditions. "Actions to preserve cash and to curtail losses in underperforming businesses have commenced," the group says.While its Container Logistics, Defence and Construction divisions have performed ahead of expectations, Wincanton notes that as a result of the opening of a new site in the year, the Foodservice business - as previously indicated - was loss making in the period.Jonathan Carroll, chief executive of UK and Canadian tour operator Travelzest, said he was "very delighted" as the company posted a rise in revenues for the year to 31 October.Revenues rose to £43.8m from £38.3m, though pre-tax losses ballooned to £9.9m from £42,000 on a goodwill impairment charge.
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600 Group restructures 2022 loan notes, extends redemption date

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AIM WINNERS & LOSERS: 600 Group jumps as order growth accelerates

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600 Group peforming better than expected as orders accelerate

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15 Apr 2021 09:36

600 Group trades ahead of post-pandemic expectations

(Sharecast News) - Industrial engineering company The 600 Group said on Thursday that despite the "exceptional impact" of Covid-19 on its businesses and world economy, the firm expects to have traded ahead of post-pandemic expectations,

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TRADING UPDATES: Angus in Balcombe blow; YouGov buys Canada asset

TRADING UPDATES: Angus in Balcombe blow; YouGov buys Canada asset

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EXECUTIVE CHANGES: Hunter Eleco's Permanent CEO; 600 Group CFO Leaves

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23 Dec 2020 13:44

UK EXECUTIVE CHANGE SUMMARY: United Oil & Gas Hires Former Tullow CFO

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15 Dec 2020 16:27

IN BRIEF: 600 Group Sinks To Loss With Revenue Hurt By Pandemic

IN BRIEF: 600 Group Sinks To Loss With Revenue Hurt By Pandemic

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15 Dec 2020 08:04

600 Group swings to interim loss on Covid disruption

(Sharecast News) - The 600 Group has swung to a loss after the Covid-19 pandemic caused "significant" disruption", including closing factories.

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20 Nov 2020 10:43

600 Group Turns To Full-Year Loss In "Difficult" Trading Environment

600 Group Turns To Full-Year Loss In "Difficult" Trading Environment

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20 Nov 2020 09:59

600 Group scraps dividends on uncertain outlook

(Sharecast News) - 600 Group said it would not pay a dividend in the current financial year and that its finance chief was leaving because he did not want to take part in a move to Florida.

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21 Aug 2020 10:21

600 Group Gets New Loan With Order Backlog At "Acceptable Levels"

600 Group Gets New Loan With Order Backlog At "Acceptable Levels"

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5 May 2020 15:43

600 Group slashes costs amid Covid-related market challenges

(Sharecast News) - Industrial engineering company 600 Group updated the market on its trading in light of the Covid-19 coronavirus pandemic on Tuesday.

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